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Strategies & Market Trends : Tech Stock Options

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To: The Perfect Hedge who wrote (34636)2/3/1998 3:44:00 PM
From: donald sew  Read Replies (1) of 58727
 
Glen,

Yes, I'm still holding onto the XAL, it is one of the weakest indexes.
Keep in mind that the DOW is up 40 and the XAL is still negative. Sure it is above its low, but relative to the DOW it is much weaker.

The overall market is severely overbought on the short-term basis.

Just heard on CNBC that the money is coming in but going to those stocks which are strong. GE and others are still down. That is another sign that this rally should end now.

Keep in mind that today is the buy-in day at the high.

Seeya
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